Shares Drop, Temporary Sentiment or GoTo Business Yellow Light?
Summary of GoTo's strategy and performance data in the last year to provide a comprehensive picture
The fall in GOTO shares in the last two weeks has made public sentiment towards public companies in the technology sector (which were previously startups) less favorable. The share price had dropped to the level of IDR 54 per share. Not without reason, investment passes private placement and the sale of 0,03% of the shares owned by William Tanuwijaya is considered to have led to this skewed sentiment.
GoTo's new CEO Patrick Walujo He even stepped in and spent around IDR 10 billion to buy up the company's shares. He also emphasized to the media that the sale of shares by founder does not show a loss of confidence in the company and its business prospects. It is a personal decision that depends on each individual's circumstances and is in no way related to GoTo's strategy, performance or commitment to shareholders.
The next question is of course whether this negative sentiment is only temporary because founder sell some of the shares? So what are the prospects for GoTo?
GoTo performance and plans
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